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Tech jobs at risk in HSBC redundancies

The bank has revealed that more than 120 IT positions are under threat in its latest round of proposed redundancies
Written by Jo Best, Contributor

More than 100 IT workers could lose their jobs in HSBC's latest round of proposed redundancies.

The bank, which on Wednesday revealed more than 1,200 members of staff in the UK could see their jobs cut as part of an operational review, said more than 120 IT positions are at risk.

The threat to IT jobs comes "after a reorganisation, consolidation of tasks and reduction in manual tasks", a spokesman for the bank told ZDNet UK's sister site, silicon.com.

The majority of the 1,200 cuts will fall in processing and operations, as well as finance, human resources and information technology, according to HSBC.

HSBC's UK managing director, Paul Thurston, said in a statement: "The operating environment for banks in the UK is extremely challenging and will remain so for some time… there are difficult decisions that have to be made as we adapt to a new environment, and ensure we are positioned for the future."

The redundancies follow a separate round of cuts last September which saw 1,100 staff — among them IT workers — lose their jobs.

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